Credit Cards (US)
Bank of America® Premium Rewards® credit card review
In this Bank of America® Premium Rewards® credit card review article, you will find out how to earn unlimited points and many perks with this premium Visa!
by Aline Augusto
Bank of America® Premium Rewards® Card: unlimited points and exclusive benefits!
In this Bank of America® Premium Rewards® credit card review, you’ll learn the features of a premium card full of rewards. Besides the unlimited points, you can get a great welcome bonus worth $500.
Also, since it doesn’t charge foreign transaction fees and offers travel statement credits, this Visa is a fantastic option for travelers.
Please keep reading to learn all about its exclusive benefits!
|Credit Score||Good – Excellent|
|Regular APR||From 15.99% to 22.99% (variable)|
|Welcome bonus||50,000 bonus points (a $500 value) after you purchase at least $3,000 in the first 90 days|
|Rewards||2 points per $1 spent on travel purchases;|
2 points per $1 spent on dining purchases;
1.5 points per $1 spent on all other purchases
How does the Bank of America® Premium Rewards® credit card work?
Let’s begin talking about its rewards and perks. This credit card offers 50,000 online bonus points in the first 90 days of account opening after purchasing at least $3,000. And these points are worth $500 value.
In addition, you earn unlimited points with no expiration date and with flexible redemption options, as follows:
- 2 points per $1 spent on travel purchases;
- 2 points per $1 spent on dining purchases;
- 1.5 points per $1 spent on all other purchases.
Besides the fact you earn points on every purchase you make, you can redeem it for cash back, credit, a statement credit, and gift cards.
In addition, you can get up to $200 in travel statement credits for qualifying purchases and towards TSA Pre✓ ® or Global Entry Application fees.
And it doesn’t end there. You take advantage of all its benefits as a premium card, such as concierge service, Visa Signature® Luxury Hotel Collection, automotive, purchase, and travel protections.
Furthermore, you will always feel safe with $0 Fraud Liability and protection features.
In order to get all those rewards and perks, you will pay $95 as an annual fee, a variable APR from 15.99% to 22.99%, and a 3% balance transfer fee for each transaction with a minimum of $10.
Bank of America® Premium Rewards® Card benefits
This credit card is one of the best premium and reward cards. If you travel a lot, this might be a perfect choice for you.
Besides the unlimited points for every purchase, it offers protection and exclusive assistance for its cardholders.
- It offers rewards on all purchases with flexible redemption options;
- It features a great welcome bonus;
- You can get exclusive benefits like concierge service, Visa Signature® Luxury Hotel Collection, automotive, purchase, and travel protections;
- It provides security features and $0 Fraud Liability;
- It doesn’t charge any foreign transaction fees.
- It charges an annual fee;
- The APR is quite high;
- The balance transfer fee is relatively high, too.
How good does your credit score need to be?
If you manage to carry a good credit history, you may be able to apply for this exclusive premium credit card.
How to apply for Bank of America® Premium Rewards® credit card?
Whether you are a traveler or a person who wants exclusivity, a Bank of America® Premium Rewards® might be a great credit card for you. Check out how to apply for it!
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